Dec 22, 2012 4:00am PST
is in hawaii. let's go straight to cnn's emily schmidt in washington. good morning. so before he left the capitoal, he laid out this three-point plan to washington. >> before he left to hawaii, he left for a gift for lawmakers to ponder in washington. here are the three main points he's saying. he wants to make sure there's a law passed that ensures 98% of americans know their taxes are not going to go up in just under two weeks. he also wants to make sure that 2 million americans who would otherwise lose their unemployment benefits if we went over the fiscal cliff would be able to keep those benefits. and finally he says, look, we can take a look at the longer term proposals, the larger reform at a later point. just lay the ground work at this point. we also know before the president left, he talked by phone with house speaker john boehner. he met in person with harry reid, although what the private happened, we don't know. but publicly things sound a lot like they have for the past few weeks. take a listen. >> every member of congress believes that, every democrat, every republican.
Dec 23, 2012 4:00am PST
. actually, there really aren't any negotiations now. the president is in hawaii. we're in a bit of a holding pattern as both sides dig in their heels. the middle class and small businesses were the focus during the presidential campaign. but, now, they stand to be the biggest losers as the battle in washington pushes us closer to that cliff. cnn's emily schmidt has more. >> go on. >> reporter: there are people who make overcoming obstacles even those towering 40 vertical feet high look easy. these rock climbers the heart of the climbing center business. >> i think with climbing, you have to trust your partner and you have to know that they're holding your rope. >> reporter: this takes team work which is why she's frustrated of another cliff looming in washington. >> so much uncertainty, not just for me as a business owner but for our members and our clientele. >> reporter: with negotiations stalled, she has put plans to expand her business on hold. she's worried because going over the cliff will cost middle class families an estimated $2,000 a year. money people won't have to spend here. >>
Dec 22, 2012 3:00am PST
to tell you, a few minutes ago, president obama landed in hawaii, 72 degrees there was the temperature on the ground. certainly warmer than it is in washington, certainly warmer than the political climate that president obama left behind here here in washington. it was a strip down agreement. he basically is saying we have to come up with some solution to help the majority of american taxpayers while we still avoid coming up with the majority of the details for what was supposed to help us avoid the fiscal cliff. it would ensure tax rates would not go up for 98% of americans, it would also ensure that unemployment benefits would be extended for about 2 million americans who would lose them otherwise if we went over the fiscal cliff. finally, it would work to lay the groundwork for the larger reform. so if we're looking for specific details here, not a whole lot of them. this is coming up with almost an emergency solution. we know that president obama did speak by phone with speaker john boehner yesterday, met at the white house with democrat harry reid. however, publicly what is being
Dec 23, 2012 3:00am PST
sister. >>> now, to other news, president obama is in hawaii for the holidays and today he'll help celebrate the life of the late senator daniel inouye. he is scheduled to attend the funeral for the pacific in honolulu. the senator passed away last weekend at the age of 88. the president spoke at the memorial service in washington on friday. >>> in new orleans, a federal judge has given final approval to bp settlement with gulf coast businesses and residents. bp will pay at least $7.8 billion in compensation to settle claims from the deep water horizon disaster in 2010. there is no cap on the settlement except for those claims from those in the sea food industry, so, the final bill could still be much higher. thousands of people made claims from texas to florida. >>> moving overseas to a deadly cold snap in the ukraine. hundreds more have been treated for hypothermia and frost bite. the government has set up thousands of heating centers to help people deal with the extreme cold. the temperatures there have dropped down to just one degree fahrenheit, far below the average for this t